News Formal

US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A surge in weekly jobless claims and decline in consumer confidence helped send stocks lower on Thursday.

according to the Bloomberg Consumer Comfort Index, which fell 1.2 points to 43.2 in the week ended January 10. But the weak reading in jobless claims could give Democrats more fuel to pass a massive multi-trillion-dollar stimulus bill to help hasten the economic recovery from the COVID-19 pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is this what a bear market feels like?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks gain as stimulus optimism offsets the biggest jobless-claims surge since MarchUS stocks gained on Thursday as stimulus optimism offset a surge in weekly jobless claims to 965,000. Which is the best platform for invest in international stock market (NOT FOREX ) Get out of the market, it is going to crash HARD.
Source: BusinessInsider - 🏆 729. / 51 Read more »